Blockchain
Development

Blockchain Application
Development

The blockchain is undeniably an ingenious
invention, a decentralized database hosted by millions of computers simultaneously, and as its
data is accessible to anyone on the internet there is no single version that exists for a hacker
to corrupt.

Blockchain development will undoubtedly be an important part of the future, as it has
the possibility to completely change the way we treat our interactions online.

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Our Blockchain Development Services

Features of Blockchain Technology

BLOCK

Each individual 'block' in the blockchain is made up of computer code that contains data and
can be programmed to represent anything, at the moment the most popular usage is
cryptocurrency.

CHAIN

The 'chain' is the encryption that securely connects all of the blocks. This blockchain is
then stored on a distributed ledger which is stored on thousands of computers throughout the
world simultaneously.

Key Benefits of Utilizing Blockchain
Technology

A blockchain offers a single source of information that is completely transparent. If any
member that uses the network attempts to make a change to a block, then every other user of
that network is able to see precisely where the change happened and as such are able to
determine whether the change was authorized or not.

The information stored on the blockchain is virtually tamper proof. If, for example, the
distributed ledger is shared across 4,000 computers and an individual wanted to change some
information that was recorded in one of the blocks and remain undetected. Then it would be
necessary for them to hack all 4,000 of the computers that host the distributed ledger,
which would be an extremely arduous task indeed.

Industries That Use
Blockchain Technology

The banking industry may be
sophisticated in its current form, but the introduction of blockchain technology is certain to
improve the more sluggish facets of the financial world. The further implementation of
blockchain technology will increase the speed of banking services as well as the decreased
reliance and the fees associated with intermediaries like brokers.

Banking & Finance

Automobile & Transportation

Healthcare

Online Shopping

eLearning

Real Estate

Government

Insurance

Trading

Warehouse

Walmart may seem like an unusual
choice to be a pioneer in the world of blockchain technology but it's true! The retail
collosus began to utilize blockchain technology in 2016 in order to closely monitor how
livestock from China made its journey from farm to the American table. It is firmly believed
that using blockchain technology in such a manner will help companies reduce food spoilage
and prevent disease outbreaks.

All varieties of legal
agreements require courts and lawyers to make them valid. But an increasing number of firms
throughout the country are experimenting with 'smart contracts'. Smart contracts are
self-executing contracts that utilize blockchain technology and are able to transfer money
straight from escrow once a party transfers a deed.

Development Platforms for Blockchain
Technologies

Ethereum is perhaps the most reliable and widely spread platform for the creation of viable
blockchain systems. Despite the fact that the whole platform is relatively new and has only
been developed a few years ago, Ethereum has taken its place at the forefront in the world
of developing platforms for blockchain technologies.

Why Choose Mindinventory for
Blockchain Development?

Here at Mindinventory, we have some of
the best blockchain developers in the industry on out team, who will respond quickly and
professionally to your needs, and provide YOU with ongoing support for all of our products. So
you can be sure that your journey into the exciting new world of blockchain technologies will
not be alone.